Free Republic

WESTBURY, N.Y., Sept. 22 /PRNewswire-FirstCall/ -- DHB Industries Inc. (Amex: DHB - News), DHB Industries, Inc., operating principally in the field of body armor, announced that, since September 16, 2005, it has been served with a number of lawsuits, all of which contain similar allegations. One of the lawsuits is filed as a derivative action and names the Company and all of its directors as defendants. All of the other lawsuits are purported class actions and name the Company and all or some of its directors as defendants. The lawsuits allege violations of the federal securities laws and/or state law...

It's been well over a year since I last wrote about body-armor manufacturer DHB Industries (AMEX: DHB), the problem child of the Motley Fool Hidden Gems watch list. Like many reprobate children, DHB is loved by some yet roundly, and often hilariously, criticized by others (kudos for that post to Fool Community member Fiebrudo). On the critical end, the company has come under fire from shareholders for everything from failing to manage its inventory efficiently, to failure to translate its revenues into profits efficiently, to failure (seeing a pattern here?) to put the interests of its shareholders ahead of its...